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Mortgage Rates Played a Perfect Game This Week

Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of…

Mortgage Rates Are Actually Lower This Week!

Mortgage rates dropped noticeably today, as the underlying bond market benefited from overseas developments.  The European Central Bank (ECB) is Europe’s counterpart to the Federal Reserve.  Like…

Mortgage Rates Improved Today

After a pretty rough conclusion last week, yesterday’s stability was a welcome change for mortgage rates at the start of the new week.  Today made things slightly…

Mortgage Rates Highest in More Than a Month

Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure.  Let’s talk about what that means in plain English!  Capitulation in…

Mortgage Rates Spike to 2-Week Highs

Mortgage rates moved quickly higher today following stronger-than-expected economic data.  Rates are driven by the bond market.  Bonds are safe-haven assets.  When the economy is stronger,…

Mortgage Rates Not Interested in Any of Today's Drama

At one point today, there were three apparently important events dominating the newswires simultaneously.  These included the Fed Chair’s congressional testimony, the Cohen congressional testimony,…

Mortgage Rates Still Near Lows After Powell Testimony

Whereas mortgage rates were almost undetectably higher yesterday, they were lower by roughly the same insignificant amount today.  In either case, and unless they make a…

Mortgage Rates Only Modestly Higher After Tariff News

Mortgage rates were very nearly unchanged today, although the average lender was just slightly higher.  Investors reacted to news over the weekend that the US/China tariff…